Huvis Water, subsidiary of chemical materials company Huvis, and total environmental services company TSK Corporation (TSK) announced on the 19th that they signed an agreement for integration.
This transaction will be in the form of an all-inclusive share exchange in which TSK is to be 100% parent company of Huvis Water and Huvis acquires the new shares of TSK and will participate as a shareholder.

Huvis Water is a water treatment and engineering company possessing Korea’s best technology and performance in industrial water treatment, and has been engaged in this business for 60 years. Since the company became a subsidiary of Huvis in 2014, it has been manufacturing, installing and operating various water treatment systems necessary for industrial plants such as semiconductors and petrochemical plants.  Recently, it has been expanding into new businesses such as renewable energy and nuclear power plant decommissioning, and is also making inroads into overseas markets by establishing the Vietnam subsidiary and the UAE branch.

Founded in 2004 by Taeyoung Engineering & Construction, TSK is a total environmental services company that has grown through trust management of environmental infrastructures and is most experienced in the water treatment O&M market in Korea. It features competitiveness in the overall environmental business such as design, construction and management by constantly expanding its scope to include waste treatment, waste energy, soil water and groundwater purification.

TSK founded its subsidiaries TSK Water and TSK M&S through the physical division of water treatment, which is its core business, twice this year. The intention is to enhance accountability and expertise in each business sector by placing TSK Water in charge of public water treatment O&M and TSK M&S in charge of water treatment materials.

“By integrating TSK’s O&M capabilities in the public sector with Huvis Water’s system capabilities in the private sector, we will be able to secure business competencies throughout the entire value chain of the water treatment business which is expected to achieve high growth, while also creating a sales synergy with new clients by sharing and expanding the sales network of each company,” said a Huvis official. “We will also be able to promote synergy based on engineering competencies in our core business such as waste and waste energy.”
This biggest total environmental services company in Korea that is to be created out of the integration will position itself as a ‘total solution provider’ that not only produces and installs systems in the field of ‘water treatment-waste energy-resource recycling’ but also provides services throughout EPC and O&M, and allow it to grow into a global leader in environment based on constant R&D and overseas market expansions.